Ratio of government revenue to GDP Philippines 2012-2023

Published by C. Balita, Apr 17, 2024
The revenue of the Philippine government accounted for 15.7 percent of the country's gross domestic product in 2023, indicating a decrease from the previous year. The government's revenue ratio had been gradually increasing since 2012 until the impact of the COVID-19 pandemic in 2020 and 2021.

Ratio of government revenue to Gross Domestic Product (GDP) in the Philippines from 2012 to 2023

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Release date

April 2024

Region

Philippines

Survey time period

2012 to 2023

Supplementary notes

Data prior to 2019 came from previous reporting.

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